Finacity Facilitates the Upsize and Renewal of a $250 Million IFRS Off-Balance Sheet Securitization for Votorantim Cimentos North America

Apr, 2024 by Finacity

Finacity Corporation (“Finacity”), a White Oak Company, announced today that it has successfully renewed and upsized its existing IFRS off-balance sheet trade receivables securitization for Votorantim Cimentos North America Inc. (“VCNA”). The transaction allows for up to $250 million in funding of the senior tranche through the securitization of VCNA’s U.S. and Canadian receivables. Finacity served as structuring agent and coordinating the renewal process on behalf of the company. Finacity serves as the ongoing Administrator and provider of reporting services for the program.

About Votorantim Cimentos

VCNA is the North American subsidiary of Votorantim Cimentos.  Votorantim Cimentos is one of the largest global building materials company with more than 57 million tons of installed capacity and over 13,000 employees. Its building materials portfolio includes not only cements, but also concretes, mortars and aggregates. Founded in 1936 in Brazil, the company also operates in the areas of agricultural inputs, waste management and co-processing. Votorantim Cimentos’ sites are strategically located in proximity to the most important growing consumer markets in 10 countries, in addition to Brazil: Argentina, Bolivia, Canada, Luxembourg, Morocco, Spain, Tunisia, Turkey, United States and Uruguay. For further information, please visit www.votorantimcimentos.com

 About Finacity, a White Oak Company

Finacity, a White Oak Company, specializes in the structuring and provision of efficient capital markets receivables funding programs, back-up servicing, and program administration. Finacity currently facilitates the financing and administration of an annual receivables volume in excess of $200 billion. With resources in the USA, Europe, Asia, and Latin America, Finacity conducts business throughout the world with obligors in 210 countries and territories. Finacity is affiliated with White Oak Global Advisors, LLC, a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. For further information, please visit www.finacity.com.

For more information on this transaction, please contact:

FINACITY CORPORATION

Jayme Bulcão

US Tel.: +1 203 428 3527

Email: [email protected]

Dec 16, 2024
Finacity Facilitates MXN$ 280 Million Consumer Loan Sale for Crediapoyo

Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has successfully facilitated the sale of a MXN$ 280 million portfolio of consumer loans originated…

Nov 18, 2024
Finacity Facilitates an up to USD 50 Million Lender Finance Programme for Volo Fin Pte Ltd

Finacity Corporation, a White Oak Global Advisors Company (“Finacity”), announced today that it has successfully facilitated a new Lender Finance Program for Volo Fin Pte Ltd (“Volo Fin”), a leading…

Oct 21, 2024
Finacity Facilitates an Amendment and Increase for the Accounts Receivable Securitization Program to $45 Million for Hyperion Materials & Technologies Inc.

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from $40 million to $45 million for the commitment capacity of the Accounts Receivable Securitization…

Jul 23, 2024
Finacity Facilitates a EUR 50 Million Receivables Securitization Program for Metinvest Trametal and Ferriera Valsider in Italy

Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, announced that it has successfully launched a EUR 50 million receivables securitization program for Metinvest Trametal and Ferriera Valsider, two re-rolling…

Jun 6, 2024
Finacity Upsizes IFRS Off-Balance Sheet Receivables Securitization for Vitro to USD 225 million

Finacity Corporation, a White Oak Company, (“Finacity”) announced that it has successfully upsized its IFRS off-balance sheet trade receivables securitization for Vitro International Investments, S.A. and Vitro, S.A.B. de C.V.…